Moore Kingston Smith advises Priory on Victoria House acquisition

Moore Kingston Smith has advised Priory, the UK’s largest independent provider of mental health and adult social care services, on their acquisition of Victoria House, a residential care provider for people with serious brain injuries.

Priory is part of MEDIAN Group, a Waterland-backed provider of mental health, specialist care and rehabilitation services across Europe. MEDIAN Group employs 31,000 people and supports 319,000 patients and residents annually with 400 sites located across Germany, the UK and Spain.

Victoria House in Farnborough, Hampshire has a dedicated multi-disciplinary team of over 50 staff members providing residential rehabilitation and neurological care for adults with long-term conditions and acquired brain injury (ABI).

Victoria House’s services complement Priory’s existing portfolio strengthening the organisation’s commitment to delivering high-quality care, and builds on Priory’s long-standing expertise.

Moore Kingston Smith worked alongside the Priory and MEDIAN Group team providing financial and tax due diligence, and advisory services.

The team comprised Mike Orton, Corporate Finance Partner, Charlie Killingbeck, Transactions Services Director, and Dan Morawiecki, Assistant Manager. Tom Acland, Tax Director, and Sam Talbot, Tax Manager, provided M&A tax services and advice throughout the transaction.

Priory CEO Rebekah Cresswell said: “Victoria House is an excellent fit for Priory and aligns well with our purpose Live your Life, helping the people we support to live their lives as fully as possible with a better quality of life and greater independence.”

MEDIAN Group CEO, Philipp Schulte-Noelle, commented: “With the acquisition of Victoria House, we continue to progress MEDIAN Group’s growth strategy. Looking ahead as a Group, we will remain focused on acquiring assets that fit strategically among our core service areas, further expanding our network and ensuring the best possible care and support for our patients and residents”.

Philip Mertes, Group Head of Mergers & Acquisitions at MEDIAN Group, said: “We have been impressed with the high standards, expertise and advice that Moore Kingston Smith has provided us with. A very responsive, fully involved and committed team working at multi-disciplinary level to ensure that the transaction completed successfully.”

Charlie Killingbeck, Transaction Services Director at Moore Kingston Smith, concluded: “It’s been a pleasure to work with Philip and his team at MEDIAN Group and Priory. The addition of Victoria House complements their existing service portfolio and their commitment to quality care, while expanding their geographic reach. We wish all parties success in this next chapter.”